Find the amount of compound interest earned in an account that opens with $23,000, earns 4.3% interest compounded daily, and is held for 10 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
$ 1
i = .043/360 = .000119444
n = 12(360) = 3600
amount = 23000(1.000119444)^3600
= 35356.0145
= $35,356.01
Keystrokes on my calculator:
.043รท360
=
+1
=
yx
3600
=
x 23000
= ........ to get 35356.01